2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Singapore-Denmark Trade: In 2022, Singapore exported $98.4M to Denmark. The main products that Singapore exported to Denmark were Passenger and Cargo Ships ($20.5M), Office Machine Parts ($7.11M), and Gas Turbines ($4.87M). Over the past 5 years the exports of Singapore to Denmark have decreased at an annualized rate of 29.2%, from $553M in 2017 to $98.4M in 2022.

In 2022, Singapore did not export any services to Denmark.

Denmark-Singapore Trade: In 2022, Denmark exported $769M to Singapore. The main products that Denmark exported to Singapore were Passenger and Cargo Ships ($245M), Copper Plating ($54.9M), and Coal Tar Oil ($36.8M). Over the past 5 years the exports of Denmark to Singapore have increased at an annualized rate of 14.4%,  from $392M in 2017 to $769M in 2022.

In 2020, Denmark exported services to Singapore worth $2.93B, with Transportation ($2.56B), Other business services ($270M), and Computer and information services ($28.2M) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $98.4M to Denmark. The main products exported from Singapore to Denmark were Passenger and Cargo Ships ($20.5M), Office Machine Parts ($7.11M), and Gas Turbines ($4.87M). During the last 5 years the exports of Singapore to Denmark have decreased at an annualized rate of 29.2%, from $553M in 2017 to $98.4M in 2022.

In 2017, Denmark exported $769M to Singapore. The main products exported from Denmark to Singapore were Passenger and Cargo Ships ($245M), Copper Plating ($54.9M), and Coal Tar Oil ($36.8M). During the last 5 years the exports of Denmark to Singapore have increased at an annualized rate of 14.4%, from $392M in 2022 to $769M in 2017.

Exports from Singapore (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Denmark (Flag)

Singapore Exports

Denmark Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Denmark
Top Destination
Germany$18.9B

This map shows whether countries import more from Singapore or Denmark. Each country is colored based on the difference in imports they receive from Singapore and Denmark or the difference in the growth in imports.

In 2022, countries that imported more from Singapore than Denmark included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Denmark than Singapore included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

Difference in imports from Denmark (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Denmark

Flow
Scale

This chart compares trade between Singapore and Denmark by product, considering products traded by both, Singapore and Denmark.

During 2022, Singapore had a large net trade with Denmark in the exports of Machines ($44.7M), Transportation ($24.7M), and Instruments ($9.09M).

During 2017, Denmark had a large net trade with Singapore in the exports of Transportation ($254M), Machines ($147M), and Metals ($74.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Denmark+$7.51MComputers
Top Product Potential Denmark Singapore+$44MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Denmark exported services to Singapore worth $2.93B, with Transportation ($2.56B), Other business services ($270M), and Computer and information services ($28.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Singapore (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Denmark. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and Denmark (Flag) (2022)

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